Pro Elite Targeting August for Return; T. Jay Thompson & Rich Chou on Board as ExecutivesFrom the ashes a new promotion will rise.Pro Elite, the parent company that once housed the promotion Elite XC, is on its way back and they’ve found a couple of MMA powerhouses to help run the show.According to sources speaking to MMAWeekly.com on Monday, former ICON owner T. Jay Thompson and former Strikeforce matchmaker Rich Chou have been brought on board to run the show at Pro Elite.Additionally, the promotion has targeted a late August date for their return to action, and they are currently scouting locations for the show.Sources have also indicated that former UFC heavyweight champion Andrei Arlovski is one of a handful of fighters that have been in negotiations to fight for the organization when they return later this year.

Uh oh....ProElite Inc. is taking another stab at it!This was once a $15 stock while it was on prime time CBS, but now has fallen to 12 cents. Something tells me I should throw some spare cash at it just on the gamble that they can turn the boat around. I think CBS/Showtime are still shareholders in it too.Hopefully they can turn out a string of decent events, but ultimately we all know the fate that awaits the company in the long run...failure.

They still own the rights to Elite XC, King of the Cage, Icon Sport, and Cage Rage and allegedly bid over $40 million for Strikeforce before the UFC came in and stepped on their bid like it was an ant.

I'm sure they could find a way to compete again especially with their longstanding relationships with Showtime and CBS.

_______________________________________If I was 50 years younger I'd kick your ass!

I hope they stay around. They can floorish in the mma landscape if they don't pull an affliction and do too much too soon. They can also last as long as they never put tank or kimbo on their cards. Those guys make it look like were in 96' again